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QE3

I’d like to turn the keyboard today over to my colleague Anthony Jasansky, P. Eng. He’s been a 30-plus-year student of the Dow Jones Industrial Average, and I agree with what he says below in his analysis of the where the market is headed between now and the…

I know most people are tired about hearing of the economic problems in the eurozone. But my readers need to be aware: a new perfect storm is brewing because of that situation. The credit crisis in the eurozone has already created enough troubles in the global economy, but…

The stock market has more downside over the near term, but it’s likely to hit a floor as soon as price-to-earnings (P/E) multiples are no longer excessive. In many ways, the current pullback is the selloff we didn’t get after the third round of quantitative easing (QE3) was…

Over the last 12 months, there has been some serious wealth creation from the stock market. Now things are pulling back, because global economic reality has finally usurped the artificial enthusiasm regarding the third round of quantitative easing (QE3). (See “Warning: QE3 Rally Is Now Over.”) As we…

The corporate earnings growth of companies in the Dow Jones Industrial Average is falling at a staggering rate—something I started warning about during the second quarter of this year. Sadly, the trend of declining corporate earnings growth will only continue. All the pieces are falling into place now.…

On the eve of the presidential election, the world and America are anxiously waiting to see whether President Obama or Governor Mitt Romney will become the 45th U.S. President. The outcome of Tuesday night will be critical not only for the direction of the country on both the…

If there is one international business in which you could still say, “business is booming,” it would be Visa Inc. (NYSE/V). The company just reported its fiscal fourth-quarter and year-end financial results and the numbers were great. This company has been a powerhouse wealth-creator on the stock market…

In September, consumer spending grew 0.8%, after an unrevised rate of 0.5% in August, and the figure beat consensus. With Hurricane Sandy closing the stock market today, I still think the near-term trend is lower. The S&P 500 Index is right at its 100-day moving average (MA) and…

The initial support for the third round of quantitative easing (QE3) has faded as the focus shifts to earnings, the economy, the pending fiscal cliff, and the presidential election. I think there’s a sense that QE3 is not the savior to the stagnant gross domestic product (GDP) growth…

The S&P 500 is up against a bit of a wall and has to convincingly break 1,465 again, which it achieved in mid-September, in order to accelerate. A lot of corporate earnings have been decent, but quite a few are reporting light visibility for the fourth quarter, and…

The S&P 500 Index really needs to break the 1,475 level in order to achieve a meaningful breakout from its current consolidation, which has lasted just over a month. Frankly, I’ll be surprised if it can do so; this stock market looks tired and spent. As a generality,…

The more I look at this stock market, the more blue chips I see declining in price, many of which are blue chips that previously hit new record highs. The perfect example of this is Starbucks Corporation (NASDAQ/SBUX), which is feeling the effects of austerity and slowing international…

We are entering the always intriguing fourth quarter, during which I expect to see some major surprises that could alter the current investment and political climates and increase the stock market risk. The Dow Jones Industrial Average and the S&P 500 have recorded four straight months of gains,…

Some of the economic news coming out of the eurozone lately has been better than expected, but the numbers are still showing contraction in the economy and unemployment is at a record high. The stock market might still be in an upward trend, but I’m not bullish going…

Silver was the best-performing commodity for the third quarter ended September 30, 2012. Will the silver prices go higher than they are now after a third round of quantitative easing (QE3)? If history repeats itself, then yes; and the returns could be phenomenal. Silver rose about 53% after…

Buy stocks; buy, buy, and buy a little more—this is exactly what the stock market, currently controlled by a bear in sheep’s clothing, would like you to do. Signs of a stock market reversal are clear and should be taken seriously by my readers. The S&P 500 is…

One of stock market’s leaders over the past few years has been Union Pacific Corporation (NYSE/UNP). I always follow this market leader, which has been a tremendous wealth-creator in recent history. Railroad stocks recently took it on the chin after Norfolk Southern Corporation (NYSE/NSC) announced that its third-quarter…

It’s pretty difficult to have a rising stock market when corporate earnings aren’t growing. This summer, the main stock market averages all produced solid gains on the back of flat earnings, based on the expectation of a third round of quantitative easing (QE3). Now that the Federal Reserve…